2015 (10) TMI 1816

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..... Appellant. Shri Govind Dixit, DR, for the Respondent. ORDER Appeal is preferred by the assessee against the adjudication order dated 30th May 2014 of the Commissioner, Central Excise, Jaipur-I. The impugned order disallowed Cenvat credit availed of Rs. 1,35,45,628/- and directed its remittance and also appropriated the said amount along with interest of Rs. 20,44,576/- already remitted by the a .....

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..... y pre-deposit under the amended Section 35F of the Central Excise Act, 1944, since more than 7.5% of the Central Excise liability in terms of Cenvat credit disallowance, in fact the whole of it along with the interest component has been remitted. 3. It is axiomatic that Cenvat credit could be availed only for remittance of duty and interest and not for penalty. Since the appellant had remitt .....

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